Consumer credit in the United States went up by USD 27.58 billion in February of 2021, following a revised USD 0.09 billion gain in the previous month and comfortably beating market expectations of a USD 5 billion rise. It was the biggest monthly gain in consumer credit since November of 2017, as revolving credit increased by USD 8.1 billion while non-revolving credit went up by USD 19.5 billion. On an annual basis, consumer credit rose 7.9 percent, following a flat reading in the prior month. source: Federal Reserve
Consumer Credit in the United States averaged 4.43 USD Billion from 1943 until 2021, reaching an all time high of 29.22 USD Billion in November of 2017 and a record low of -64.09 USD Billion in April of 2020. This page provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Consumer Credit Change - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Consumer Credit in the United States is expected to be 19.18 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Credit in the United States to stand at 28.16 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 9.59 USD Billion in 2022 and 9.79 USD Billion in 2023, according to our econometric models.